Sebamat: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Sebamat
Largest movements
- Current investments +€160,732
up €160,732 (+29.1%), from €552,831 to €713,563
- Cash +€101,383
up €101,383 (+6.1%), from €1.7m to €1.8m
mainly Net result for the year (+€493,941) and Depreciation (+€20,241)
- Reserves +€208,855
up €208,855 (+8.1%), from €2.6m to €2.8m
- Financial income -€28,240
down €28,240 (-59.4%), from €47,551 to €19,312
- Gross operating margin +€19,498
up €19,498 (+2.8%), from €701,128 to €720,626
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,712,153 | €2,958,426 | +€246,273 | +9.1% |
| Fixed assets | 21/28 | €165,596 | €146,523 | -€19,073 | -11.5% |
| Tangible fixed assets | 22/27 | €165,596 | €146,523 | -€19,073 | -11.5% |
| Furniture and vehicles | 24 | €8,585 | €2,907 | -€5,679 | -66.1% |
| Other tangible fixed assets | 26 | €157,011 | €143,616 | -€13,394 | -8.5% |
| Current assets | 29/58 | €2,546,557 | €2,811,903 | +€265,346 | +10.4% |
| Amounts receivable within one year | 40/41 | €660 | €1,444 | +€784 | +119% |
| Trade receivables | 40 | €660 | €1,444 | +€784 | +119% |
| Current investments | 50/53 | €552,831 | €713,563 | +€160,732 | +29.1% |
| Cash at bank and in hand | 54/58 | €1,666,684 | €1,768,067 | +€101,383 | +6.1% |
| Deferred charges and accrued income | 490/1 | €326,381 | €328,829 | +€2,447 | +0.7% |
| Total equity and liabilities | 10/49 | €2,712,153 | €2,958,426 | +€246,273 | +9.1% |
| Equity | 10/15 | €2,607,927 | €2,816,781 | +€208,855 | +8.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €2,593,667 | €2,802,521 | +€208,855 | +8.1% |
| Distributable reserves | 133 | €2,593,667 | €2,802,521 | +€208,855 | +8.1% |
| Amounts payable | 17/49 | €104,226 | €141,645 | +€37,419 | +35.9% |
| Amounts payable within one year | 42/48 | €104,226 | €141,645 | +€37,419 | +35.9% |
| Trade debts | 44 | €37,128 | €40,534 | +€3,406 | +9.2% |
| Suppliers | 440/4 | €37,128 | €40,534 | +€3,406 | +9.2% |
| Taxes, remuneration and social security | 45 | €48,995 | €68,671 | +€19,676 | +40.2% |
| Taxes | 450/3 | €48,995 | €68,671 | +€19,676 | +40.2% |
| Other amounts payable | 47/48 | €18,103 | €32,440 | +€14,337 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,578 | €20,241 | -€1,337 | -6.2% |
| Other operating charges | 640/8 | €1,437 | €1,366 | -€71 | -4.9% |
| Gross operating margin | 9900 | €701,128 | €720,626 | +€19,498 | +2.8% |
| Operating profit (loss) | 9901 | €678,114 | €699,019 | +€20,906 | +3.1% |
| Financial income | 75/76B | €47,551 | €19,312 | -€28,240 | -59.4% |
| Recurring financial income | 75 | €47,551 | €19,312 | -€28,240 | -59.4% |
| Financial charges | 65/66B | €68 | €68 | -€0 | -0.3% |
| Recurring financial charges | 65 | €68 | €68 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €725,597 | €718,263 | -€7,334 | -1.0% |
| Income taxes | 67/77 | €227,260 | €224,322 | -€2,938 | -1.3% |
| Profit (loss) for the period | 9904 | €498,337 | €493,941 | -€4,396 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €498,337 | €493,941 | -€4,396 | -0.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.